TNAG-0847-FCO40-1057-Visits-of-Sir-Murray-MacLehose--Governor-of-Hong-Kong--to-th-1979 — Page 41

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(iv) increases in interest rates and in banks' liquidity ratios

in order to reduce demand in the private sector.

4. It is still too early to say whether these measures will be

sufficient to deal with the problems facing the economy, although

the indications so far are fairly encouraging.

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